Investor profile
Leo Capital
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Leo Capital is a Singapore-headquartered early-stage venture capital firm founded in 2017 by serial entrepreneurs Rajul Garg and Shwetank Verma. The firm backs founders building for the world, investing with conviction at inception and amplifying momentum at scale. It operates on the ground across Asia, the US, and Europe — tracking local shifts firsthand, identifying exceptional founders early, and connecting them to a global network of capital, talent, and expertise. Leo Capital's differentiated edge is its mobilisation of the Global Indian Diaspora — a high-trust network of founders, operators, executives, and capital allocators embedded across Silicon Valley, Europe, the Middle East, and Asia — which powers its three-pillar Catalyst Engine: Global GTM, Global Fundraise, and Talent. The firm pursues a 'Global Indian Alpha' thesis, backing businesses that combine India's engineering and capital-efficiency advantage with global go-to-market capabilities, with no hard sectoral bias across SaaS, AI/ML, fintech, healthtech, insurtech, cybersecurity, logistics, and more.
Notable quotes
“Even if the market turns, we cannot fundamentally alter who we are. So that's our key motivation to continue doing things our way.”
“India is the diabetes capital of the world. We have looked deeply at chronic disease solutions and BeatO has been able to demonstrate an approach that diabetics find useful month over month. BeatO's focus on a solution very unique to India is what attracted us.”
“Investing in AI requires a deep understanding of the technology and its implications for the industry. We look for startups that are not just riding the AI wave but are genuinely innovating.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| TestMu (LambdaTest) | Seed | — | 2019 |
| BeatO | Seed | $1m | 2018-04-05 |
| GoComet | Seed | — | 2019 |
| Devtron | Seed | — | 2020 |
| Apica | Series A | — | 2021 |
| Arch0 | Seed | — | 2023 |
| Unosecur | Seed | — | 2024 |
| Kayna | Seed | — | 2024 |
| StrainX Biotech | Series B | — | 2025 |
| Atoa | Series A | — | 2025 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Sequoia Capital India (Peak XV) | 4 |
| Blume Ventures | 3 |
| Accel | 2 |
| Elevation Capital | 2 |
| Rajul Garg (angel) | 2 |
| Inflection Point Ventures | 2 |
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